Rothschild Investment LLC Grows Stock Holdings in Nucor Co. (NYSE:NUE)

Rothschild Investment LLC raised its position in shares of Nucor Co. (NYSE:NUE) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,439 shares of the basic materials company’s stock after buying an additional 1,661 shares during the quarter. Rothschild Investment LLC’s holdings in Nucor were worth $4,603,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NUE. Private Advisor Group LLC lifted its position in shares of Nucor by 5.1% during the third quarter. Private Advisor Group LLC now owns 18,349 shares of the basic materials company’s stock valued at $2,759,000 after buying an additional 888 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Nucor by 14,525.9% during the third quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company’s stock valued at $49,144,000 after buying an additional 324,654 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Nucor by 16.7% during the third quarter. Assenagon Asset Management S.A. now owns 24,436 shares of the basic materials company’s stock valued at $3,674,000 after acquiring an additional 3,491 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Nucor by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,555 shares of the basic materials company’s stock valued at $2,936,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of Nucor by 31.2% during the third quarter. Forsta AP Fonden now owns 92,200 shares of the basic materials company’s stock valued at $13,861,000 after acquiring an additional 21,900 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NUE. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Morgan Stanley cut their price objective on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group began coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Citigroup cut their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, UBS Group reiterated a “neutral” rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor Price Performance

Shares of NYSE NUE opened at $135.19 on Monday. The stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.96 and a beta of 1.60. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The firm’s 50 day simple moving average is $125.19 and its 200-day simple moving average is $139.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the previous year, the business posted $3.16 EPS. Analysts expect that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.63%. Nucor’s payout ratio is 26.16%.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.